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Affective Computing Market Share

Report ID: GMI11446
Published Date: Sep 2024
Report Format: PDF

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Affective Computing Market Share

Microsoft and IBM dominate the market with over 8% of the market share. Microsoft focuses on continuous innovation in emotional AI technology. By developing advanced emotion recognition algorithms and integrating them into various platforms, it enhances user engagement and experience. Their technology is particularly suited for several applications.

IBM utilizes its Watson platform to provide comprehensive AI solutions, including emotion and sentiment analysis. By integrating affective computing capabilities into Watson’s suite of services, IBM enhances its offerings for customer service, healthcare, and other enterprise applications. This integration allows IBM to cater to a wide range of industries, improving user interactions and data insights.

Affective Computing Market Companies

Major players operating in the industry are:

Affectiva
Amazon
Google
IBM
Intel
Microsoft
Qualcomm
Samsung
Sensory Inc.
Xilinx Inc.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

Market size for affective computing was valued at USD 62 billion in 2023 and will expand at a 25% CAGR between 2024 and 2032, attributed to increasing demand for technologies that enhance human-computer interaction by recognizing and responding to emotional cues.

The software segment held 45% market share in 2023, fueled by its crucial role in processing and analyzing emotional data collected from various sensors and devices.

North America industry captured 30% revenue share in 2023, propelled by the region’s early adoption of advanced technologies like artificial intelligence (AI) and machine learning.

Some of the leading affective computing industry players are Affectiva, Amazon, Google, IBM, Intel, Microsoft, Qualcomm, Samsung, Sensory Inc., and Xilinx Inc., among others.